| Independent Auditors’ Report continued


to the Members of British Greyhound Racing Fund Limited


| Opinion on


Financial Statements In our opinion the financial statements:


• give a true and fair view of the state of the company's affairs as at 31 March 2011 and of its deficit for the year then ended;


• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and


• have been prepared in accordance with the requirements of the Companies Act 2006.


| Opinion on other matter prescribed by the Companies Act 2006 In our opinion the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements.


| Matters on which we are required to report by exception


We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:


• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or


• the financial statements are not in agreement with the accounting records and returns; or


• certain disclosures of remuneration specified by law are not made; or


• we have not received all the information and explanations we require for our audit.


Jeremy Beard (Senior statutory auditor)


for and on behalf of haysmacintyre Statutory Auditors Fairfax House 15 Fulwood Place London WC1V 6AY


21 June 2011


8 Annual Report 2010-2011


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